FX.co ★ South Korea GDP Data Due On Thursday

South Korea is set to unveil its preliminary figures for Q4 gross domestic product on Thursday, marking a significant day for economic activity across the Asia-Pacific region. Expectations are for GDP to increase by 0.2 percent quarter-on-quarter and 1.4 percent year-on-year, following a 0.1 percent quarterly and 1.5 percent yearly rise in Q3.

In Japan, December statistics for imports, exports, and the trade balance will be under review. Imports are projected to grow by 2.6 percent year-on-year, recovering from a 3.8 percent decline in November. Exports are anticipated to increase by 2.3 percent annually, a slowdown from November's 3.8 percent growth. The trade deficit is estimated to reduce to 55.0 billion yen, compared to the previous month's 110.3 billion yen shortfall.

Australia will report its December figures for the business confidence index, courtesy of the National Australia Bank; the index registered a score of -3 in November.

Singapore is set to release its December consumer price data with overall inflation expected to climb by 1.5 percent year-on-year, slightly easing from 1.6 percent in November. The core Consumer Price Index (CPI) is anticipated to increase by 1.7 percent annually, down from 1.9 percent the prior month.

Taiwan will reveal its December industrial production data after recording a 10.29 percent year-on-year increase in November.

Thailand is prepared to disclose its December performance for imports, exports, and trade balance. November saw imports rise by 0.9 percent and exports grow by 8.2 percent, resulting in a trade deficit of $220 million.

Lastly, it's important to note that Taiwan's financial markets are on hiatus for the extended Lunar New Year break, with trading set to resume on February 3.